What You Should Know:
- Know Rare, a global support platform for individuals impacted by rare diseases and rare cancers, has launched HealthStoryAI, a new health journaling app designed to empower patients and caregivers.
- The new app offers a personalized and secure platform for documenting the unique experiences and challenges of living with rare conditions.
Addressing the Needs of the Rare Disease Community
Millions of people worldwide live with rare diseases, often
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RSNA: Nonin Medical Launches First FDA-Cleared OTC Fingertip Pulse Oximeter for Accurate Readings Across Skin Tones
What You Should Know:
- Nonin Medical, a global leader in noninvasive medical monitoring lauches TruO2 OTC, the first over-the-counter (OTC) fingertip pulse oximeter to receive FDA clearance. This innovative device is designed to provide accurate blood oxygen saturation readings for adults across all skin tones, empowering individuals to make informed healthcare decisions.
- Nonin Medical's founder, Phil Isaacson, was the original inventor of the fingertip pulse oximeter. The
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RSNA: Siemens Healthineers Adopts NVIDIA’s MONAI Deploy for Faster AI Deployment
What You Should Know:
- Siemens Healthineers, a global leader in medical technology, has adopted NVIDIA MONAI Deploy to accelerate integrating AI workflows into its Syngo Carbon and syngo.via enterprise imaging platforms.
- NVIDIA's MONAI platform is revolutionizing the field of medical imaging by accelerating the development and deployment of AI applications. This open-source framework is empowering healthcare professionals and researchers to harness the power of AI to improve
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WellRX Acquires Bioreach Lab to Enhance Preventative Healthcare Offerings
What You Should Know:
- WellRX, the parent company of preventative healthcare brands ReviveRX and Ways2Well, has acquired Bioreach, a cutting-edge bloodwork and genetics laboratory.
- The strategic acquisition brings advanced diagnostic capabilities in-house, allowing WellRX to streamline its preventative healthcare offerings and enhance patient care.
Expanding Access to Advanced Diagnostics
By integrating Bioreach's laboratory services, WellRX can now offer a
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Kyan Health Raises $16.7M to Transform Workplace Mental Health with AI
What You Should Know:
- Kyan Health, a digital health company transforming workplace mental wellbeing, has secured $16.7 million in funding to expand its AI-powered platform globally.
- The investment, comprising a seed round led by Amplo VC and a Series A round led by Swisscom Ventures, will fuel Kyan's mission to transform how companies approach employee mental health.
Addressing the Mental Health Crisis in the Workplace
Despite billions spent on workplace wellness programs, many
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Neoplas Med Secures $18M Investment to Advance Cold Plasma Wound Care Tech
What You Should Know:
- Neoplas Med GmbH, a Greifswald-based medical technology company, has secured an $18M investment from Niterra Ventures Company to further develop and expand its innovative cold plasma wound care technology.
- The latest investment brings Niterra's total investment in Neoplas Med to $25M, following previous funding rounds in 2022 and 2023.
Transforming Wound Care with Cold Plasma
Neoplas Med is a pioneer in the field of cold plasma technology for
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Philips, AWS Expand Partnership to Bring Integrated Diagnostics to the Cloud
- Philips announced it is expanding its strategic collaboration with Amazon Web Services (AWS) to offer its integrated diagnostics portfolio in the cloud.
- The strategic partnership aims to unify diagnostic workflows, improve access to critical insights, and drive better outcomes across clinical specialties.
Cloud-Powered Diagnostic Solutions
Philips is leveraging AWS's cloud infrastructure to deliver scalable and reliable healthcare informatics solutions. By migrating
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Google Launches Health AI Developer Foundations (HAI-DEF) to Accelerate Healthcare AI Development
What You Should Know:
- Google has introduced Health AI Developer Foundations (HAI-DEF), a public resource designed to empower developers in building and implementing AI models for healthcare more efficiently.
- The initiative aims to democratize AI development in the healthcare sector, fostering innovation and improving patient care.
Addressing Challenges in Healthcare AI Development
Developing AI for healthcare presents unique challenges:
Data Requirements: Large,
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Teladoc Health Enhances Virtual Sitter Solution with AI to Improve Patient Safety and Efficiency
What You Should Know:
- Teladoc Health has announced the launch of new AI-powered capabilities for its Virtual Sitter solution.
- Virtual Sitter aims to enhance patient safety, address workforce challenges, and improve care delivery for hospitals and health systems.
Addressing the Challenge of Patient Falls with AI-Powered Fall Prevention
Patient falls are a significant concern in hospitals, leading to injuries, increased healthcare costs, and strain on resources. Teladoc
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Optimizing Clinical Trials with AI and Data-Driven Insights
While most technology- and innovation-oriented industries have followed the general principles of Moore’s Law, which holds that computing power would double yearly, while costs were cut in half, the life sciences industry appears to be spending more money developing fewer drugs.
According to the latest data, the cost to take a drug candidate from the discovery stage, all the way to market launch, hit $2.3 billion in 2022—a $298 million rise from 2021. Meanwhile, there were
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